This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.
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Here we'll report daily on the latest tech and business developments in New York City. Impossible we concede: comprehensive coverage of the city's every story. What we hope you'll find: tips, tidbits and perspectives you won't find elsewhere. As well as unique insights, original interviews and more that should be of interest to New York's vibrant community of technologists and those who track, invest in and report on them.
Convert loose change into Amazon.com gift certificates
Posted by Dominic Basulto
Do you have a lot of loose change in your pockets or piles of pennies at home? Well, Amazon.com and Coinstar are linking up with a unique offer to get coin hoarders to spend the money online instead: "Under the new offer announced [last week] with Amazon, Coinstar will now allow users to convert their loose change into Amazon Gift Certificates that can be used online at Amazon.com." Even better, Coinstar won't charge an annoying transaction fee. In other words, $5 in pennies means $5, not $4.50 or $4.25 or anything else.
According to Coinstar, it's a win-win for everyone involved:
"Everybody wins, consumers get a fee-free transaction and Amazon can now offer their customers an easy and convenient way to use cash online. Coinstar attracts new users by providing a no fee transaction and the host retailer (supermarkets) benefits through increased store traffic."
Actually, I guess that's a win-win-win-win for everyone involved.
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